Land Securities upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank analyst Max Nimmo upgraded Land Securities to Buy from Hold with a price target of 760 GBp, up from 730 GBp. With first half results “signifying the trough” in values and balance sheets “still firmly intact,” Deitch Bank looks forward with cautious optimism on the real estate group as the UK moves into a rate cutting cycle, the analyst tells investors in a research note.